CoinVoice has learned that, according to the Korea Herald, South Korean digital token developer fanC has partnered with financial software company Initech to launch the pilot operation of the Korean won stablecoin KRWIN, which is pegged to the Korean won at a 1:1 ratio. This marks the first issuance of a Korean won digital asset by a private entity with potential applications in the real economy.

fanC stated that this is a demonstration version aimed at testing the technical feasibility of KRWIN, including transferability and practical applications, with the issuance scope limited to selected internal members and partner platforms for evaluation. Last month, fanC submitted a trademark application for KRWIN and its related technology to the Korean Intellectual Property Office.

Once KRWIN officially goes online, it is expected to be used in fields such as payments, global remittances, and travel. [Original link]